Jefferies Maintains Hold Rating and $24 PT on Werner Enterprises

A report from Jefferies reiterates its Hold rating and $24 price target on Werner Enterprises WERN. The report states, “WERN is the third consecutive transport to report an in line 3Q despite weakened macro headlines. Mgmt highlighted firming trends, consistent with our out-of-consensus view that selected short-cycle indicators appear to have bottomed. Few cycles are linear, but we're growing encouraged." WERN closed yesterday at $23.35.